$300 million of MBBs are issued against a $500 million pool of mortgages (over-collateralization is...
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$300 million of MBBs are issued against a $500 million pool of mortgages (over-collateralization is $200 million). There are 30,000 bonds issued, each with a face value of $10,000. The MBB pays 7.5% coupon rate semiannually and matures in 15 years. What is the price of this MBB if the current interest rate is 6%?
please use excel
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